Specialist Physician Pay Up 3.4%, Survey Finds

Practice Management

Compensation for primary care physicians decreased slightly by 0.4 percent from 2012, while specialist physician pay saw a 3.4 percent increase from last year, according to a survey from ECG Management Consultants.

Researchers surveyed more than 21,000 physicians and caretakers within 110 organizations.

 

Key findings of the survey include:

 

•    While 91 percent of organizations continue to utilize physician production to determine physician compensation, non production-based metrics are being adopted rapidly. Quality is being used as a metric in 63 percent of organizations and patient satisfaction is being used in 47 percent of organizations.
•    Retirement contributions averaged $17,524 per physician, driving up overall benefit costs to 16.3 percent of compensation, or $43,501 per physician.
•    Health system-employed groups continue to allocate approximately 128 percent of collections to their physician entities.

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